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Issues in Derivative Instruments
Manufacturer: Springer ProductGroup: Book Binding: Hardcover ASIN: 904119729X |
Book Description
With the collapse of Barings, the expulsion of Daiwa Bank from the US, and the bankruptcy of Orange County California, and the Long-Term Capital Managements problems, derivatives are increasingly intruding into the public consciousness. Key issues are whether derivatives are sufficiently understood and how they can be effectively regulated. These are increasingly acute because, as recent statistics show, derivatives, with a turnover of more than $2 trillion a day, constitute the world's biggest business activity. For lawyers, regulators and compliance officers operating in the international market, it is increasingly important to have a firm grasp of where derivatives fit in the financial services spectrum and how they are regulated in major market centres. This book provides critical information on these issues. Unlike other books on derivatives, this book draws on a broad spectrum of legal, regulatory, tax, and clearing and exchange trading expertise from both sides of the Atlantic. Consequently, it provides a valuable resource for the views of leading experts from a variety of disciplines. It includes chapters by the market counsel of one of the world's leading exchanges, a managing director of one of the world's most important clearing houses, and the former chief derivatives regulator of the US, in addition to legal analysis and explication of a number of important derivatives issues by UK and US legal experts. Along with Mr. Swan's previous volume, Derivative Instruments, this is an excellent source of information to help newcomers learn about derivative instruments and to help experienced practitioners expand their understanding of the key issues involved.
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Swan Derivative Instruments
Edward Swan Manufacturer: Springer ProductGroup: Book Binding: Hardcover ASIN: 1859660576 |
Book Description
Derivative instruments are the contracts used in the global market for future commodities. The value of these contracts exceeds two trillion U.S. dollars per day, making them the world's biggest market. Very little of substance has been published about this critically important business and its implications for the future direction of the world economy. This work is a collection of papers presented at the International Conference on Derivative Instruments at London University's Institute of Advanced Legal Studies in October 1993. It contains the current views of the world's leading regulators, most successful traders and top legal, economic and scientific experts in this rapidly growing market. The size and continued growth of this sector of the financial services business means that an increasing number of lawyers, government and market regulators, and people active in the financial services industry need to have a solid understanding of trading in derivative instruments. This volume contains the explanations of the most knowledgeable experts and is an ideal primary source for newcomers to begin to learn about derivative instruments and for experienced practitioners to expand their understanding.
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Derivative Instruments Law
Edward Swan Manufacturer: Routledge Cavendish ProductGroup: Book Binding: Paperback ASIN: 1859412246 |
Book Description
In this book, key international experts in law, regulation, market trading and business have set out clear explanations of some of the key issues faced by traders in derivative instruments and students of its regulation. Issues of national regulation, self-regulation and international regulation are covered with primary attention to UK, European and US regulation. It is a collection of expert opinions on key issues which will provide guidance to market practitioners and legal advisers and serve as a good introduction for those who wish to learn more about derivative markets and their regulation.
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Rain of Iron and Ice: The Very Real Threat of Comet and Asteroid Bombardment (Helix Books)
John S. Lewis Manufacturer: Perseus Books Group ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0201489503 |
Book Description
Rain of Iron and Ice shows us the unmistakable evidence-from space-probe flybys of the planets to the scars on our own Earth-of cataclysmic comet and asteroid impacts. By comparing what we know about the earth's geology and paleontology with the ages of the other planets and moons in our solar system, Lewis makes the strongest case yet of the sudden, dramatic extinction's and assesses the risks to planet Earth.Customer Reviews:
Don't worry about my review -- just read the book.......2002-06-10
This book demonstrates, through statistics and anecdotes, that it is more than just a question of occasional asteroids like the one that killed the dinosaurs, or like the ones in the asteroid movies from the summer of 1999. There is an extremely wide range of asteroids, meteors, and other random space-rocks, of all different shapes, sizes, and compositions. The ones large enough to do fairly serious damage land all over the planet, and substantially more often than many of us tend to believe.
Chapter 14 alone is worth the price of the book. In it, Dr. Lewis shows us computer simulations of several likely asteroid strikes. Let me clarify that -- he presents the results of computer simulations of 10 randomly computer-generated "centuries" on Earth, and what the statistical likelihood of pretty awful asteroid collisions are in each century. Many of the simulations are pretty terrifying. The one that opens the chapter, taking place in the Phillipines, is one of the most horrifying things you'll ever read.
Another valuable part of the book is the table in chapter 13, which lists dozens of damaging asteroid or meteor strikes throughout recorded history, all over the world. Stories like this crop up throughout the book, they aren't just in chapter 13.
The intent of this book is to raise public awareness. It succeeds dramatically. Please buy a copy, and get copies for some of your friends. Two thumbs up.
The best book for the lay reader.......2002-03-11
It "Rocks".......2000-12-18
The need for radioastronomy to detect near Earth objects on the day-side is documented in this book. Amateur astronomers have a real opportunity to potentially save all life on Earth. Despite the efforts expended (mostly since 1994, after the impact of the fragments of Shoemaker-Levy 9 on Jupiter) the estimate is that 90 per cent of nearby asteroids are unknown. As David Morrison has warned, nothing can be told about the unknown majority, and the odds are that there will be no warning.
At least four large impacts occurred during the 20th century, the best known being the Tunguska object in 1908. I was a bit startled to learn of the small 1919 impact on Lake Michigan (p 159) having never heard anything about this from elderly folklore-prone relatives.
Perhaps most useful is Lewis' discussion of the various myths about our safety from such impacts.
See also "Night Comes to the Cretaceous" by James Lawrence Powell.
Excellent, and scary.......2000-11-02
Kaboom! (But you'd never hear it coming...).......2000-09-14
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Impact!: The Threat of Comets and Asteroids
Gerrit L. Verschuur Manufacturer: Oxford University Press, USA ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0195101057 |
Amazon.com
Scientists have not yet discovered a smoking gun in the unsolved mystery of dinosaur extinction, but they have one heck of a candidate in something called the Chicxulub Crater. Roughly 65 million years ago, a 10-kilometer-wide object slammed into the Yucatan. Thanks to erosion, the evidence of this cataclysmic event has remained invisible until now. Gerrit Verschuur thinks this ancient crash landing led to mass death, and he's worried about it happening again. His intriguing book provides a history of terrestrial impacts, tells of current efforts to identify near-earth objects, and reveals a new and growing area of scientific endeavor.Book Description
Most scientists now agree that some sixty-five million years ago, an immense comet slammed into the Yucatan, detonating a blast twenty million times more powerful than the largest hydrogen bomb, punching a hole ten miles deep in the earth. Trillions of tons of rock were vaporized and launched into the atmosphere. For a thousand miles in all directions, vegetation burst into flames. There were tremendous blast waves, searing winds, showers of molten matter from the sky, earthquakes, and a terrible darkness that cut out sunlight for a year, enveloping the planet in freezing cold. Thousands of species of plants and animals were obliterated, including the dinosaurs, some of which may have become extinct in a matter of hours. In Impact, Gerrit L. Verschuur offers an eye-opening look at such catastrophic collisions with our planet. Perhaps more important, he paints an unsettling portrait of the possibility of new collisions with earth, exploring potential threats to our planet and describing what scientists are doing right now to prepare for this awful possibility. Every day something from space hits our planet, Verschuur reveals. In fact, about 10,000 tons of space debris fall to earth every year, mostly in meteoric form. The author recounts spectacular recent sightings, such as over Allende, Mexico, in 1969, when a fireball showered the region with four tons of fragments, and the twenty-six pound meteor that went through the trunk of a red Chevy Malibu in Peekskill, New York, in 1992 (the meteor was subsequently sold for $69,000 and the car itself fetched $10,000). But meteors are not the greatest threat to life on earth, the author points out. The major threats are asteroids and comets. The reader discovers that astronomers have located some 350 NEAs ("Near Earth Asteroids"), objects whose orbits cross the orbit of the earth, the largest of which are 1627 Ivar (6 kilometers wide) and 1580 Betula (8 kilometers). Indeed, we learn that in 1989, a bus-sized asteroid called Asclepius missed our planet by 650,000 kilometers (a mere six hours), and that in 1994 a sixty-foot object passed within 180,000 kilometers, half the distance to the moon. Comets, of course, are even more deadly. Verschuur provides a gripping description of the small comet that exploded in the atmosphere above the Tunguska River valley in Siberia, in 1908, in a blinding flash visible for several thousand miles (every tree within sixty miles of ground zero was flattened). He discusses Comet Swift-Tuttle--"the most dangerous object in the solar system"--a comet far larger than the one that killed off the dinosaurs, due to pass through earth's orbit in the year 2126. And he recounts the collision of Comet Shoemaker-Levy 9 with Jupiter in 1994, as some twenty cometary fragments struck the giant planet over the course of several days, casting titanic plumes out into space (when Fragment G hit, it outshone the planet on the infrared band, and left a dark area at the impact site larger than the Great Red Spot). In addition, the author describes the efforts of Spacewatch and other groups to locate NEAs, and evaluates the idea that comet and asteroid impacts have been an underrated factor in the evolution of life on earth. Astronomer Herbert Howe observed in 1897: "While there are not definite data to reason from, it is believed that an encounter with the nucleus of one of the largest comets is not to be desired." As Verschuur shows in Impact, we now have substantial data with which to support Howe's tongue-in-cheek remark. Whether discussing monumental tsunamis or the innumerable comets in the Solar System, this book will enthrall anyone curious about outer space, remarkable natural phenomenon, or the future of the planet earth.Customer Reviews:
Fascinating.......2006-04-06
The definitive book on impact hazards.......2002-07-09
If, however, you are a person who accepts things scientific, this is your book. Professsor Verschuur is an excellent, lucid, organized writer who does not waste the reader's time with forays into the specculative or ludicrous. Instead he forthrightly presents the overview of, and the detail behind, the genuine, if remote, danger that human society will receive heavy damage, if not outright destruction, from a large impact event. He accurately points out that the remoteness of this eventuality is offset by the magnitude of destruction that will occur if a large impact happens.
I have studied impact phenomena for some years, and this book is the most-fact-filled, well organized book of its genre. It is not only an excellent starting volume for a study of this branch of science, but is a good wake-up call for organizing attempts to meet the danger. The Professor does not patronize his reader, but neither does he presume a level of knowledge beyond the ken of the average well-informed adult.
I recommend the book very highly and would urge anyone interested in this topic to make it a priority purchase. It is the book by which all similar texts should be measured.
A thoughtful, useful compilation of known facts.......2002-01-16
Dr. Verschuur is a well-respected astronomer, and clearly one of the reasons that he is so highly respected, is his facility for communicating complex information in an understandable way. In this book, he carefully walks the reader through logically presented discussions of the dinosaur-killing asteroid; the tsunamis (huge ocean waves) that would result from an asteroid landing in the sea; the history of the way scientists have thought about the threat of asteroids; and the statistical likelihood that you or I will be slain by an errant asteroid (about 1 in 20,000, which is approximately the same as the chance of dying in a plane crash). While, admittedly, current efforts to prevent plane crashes are stepped up from the norm, doesn't it seem as though we should be taking vastly greater precautions to detect near-Earth asteroids which could destroy civilization???
Dr. Vershuur's account of this threat is very level-headed, and perceptively written. He asks why so many of us have trouble psychologically, conceptualizing the reality of this threat. He also deals, cautiously, with the possibility that ancient legends from around the world may actually tell of asteroid strikes in pre-historic times. This is brave of him to even mention this kind of thing, because it verges on speculation. Scientists are not in the business of irresponsible speculation, after all -- their business is science! They risk grave professional consequences, if they even attempt to discuss such issues. But Dr. Verschuur is very good about alerting the reader to the controversial nature of efforts to extract scientific meaning from the ore of myth. Anyway, he touches on the topic, and it is sometimes interestingly plausible, to my mind at least.
Probably the best thing about this book, is that it helps to alleviate the almost religious terror that the prospect of such collisions produce in most of us. Think of the movie "Armageddon." What a calm, objective, dispassionately conceived title for a movie -- NOT! That movie makes us think about asteroid strikes as a highly infrequent, totally overwhelming event that only Bruce Willis would be able to handle (ha ha). Dr. Verschuur's book, on the other hand, helps us to see that the Earth gets hit CONSTANTLY by asteroids, and it's just a question of understanding the frequency with which we get nailed by the bigger ones.
We learn here that, for example, the Earth gets hit by an asteroid large enough to disrupt a global civilization approximately once every 5,000 years. That's APPROXIMATELY. It can vary by thousands of years. This is just the statistical likelihood, averaged out over millions of years by analyzing the age of craters on Earth, nearby planets, and the moon. We learn that an asteroid with a diameter of 500 meters would probably destroy civilization, and that one that was over 1,000 meters would result in the death of virtually the entire world population of humans. For perspective, the one that finally killed the dinosaurs was about 10,000 meters across. Asteroids that big are rare -- but some are even bigger.
Most asteroids are not quite this threatening, but none are benign. Dr. Vershuur's book really helps us to understand things that more people should be thinking about. My only problem with this book is that I wish it included an appendix of ideas that people should try to implement, as precautionary measures. One example that IS included is the importance of giving money to the (very few) institutions that watch the skies. However, I would like to see a book like this also mention promoting educational initiatives that encourage highly localized electrical power generation options, such as wind energy, in case our global economy is suddenly obliterated. Most importantly, I wish there were a section stressing the importance of learning to grow FOOD in hydroponic, protected, indoor environments, so people would have renewable food supplies if a sudden winter, lasting for years, were brought on by all the dust an asteroid strike would throw up into the sky. No country on Earth has more than a few months of food stored up at any given time. If a major asteroid strike provoked a "nuclear winter" type of scenario, virtually everyone who survived would starve, without precautionary measures.
Still, basically this book is simply fantastic. Definitely two thumbs up.
Excellent review of the very real threat of impact.......1998-07-30
Stolen works of Immanuel Velikovsky and then trashes him.......1998-07-13
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Collision Earth!: The Threat from Outer Space : Meteorite and Comet Impacts
Peter Grego Manufacturer: Blandford Pr ProductGroup: Book Binding: Paperback ASIN: 071372742X |
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Impact Earth: Asteroids, Comets and Meteoroids, the Growing Threat
Austen Atkinson Manufacturer: Virgin Publishing ProductGroup: Book Binding: Mass Market Paperback ASIN: 0753504014 |
Amazon.com
Over the past decade, the United States' nuclear-detection system and spy satellites have registered 250 atomic-bomb-sized detonations on and about our planet. Why were we not told? Well, we were, now and again, when someone felt like mentioning it, and when the world's media, starved of other news, could be bothered to run the story. Why were these explosions not newsworthy? Because they come not from the arsenals of hostile states, but from comets and asteroids impacting with the Earth's atmosphere.We assume these events are rare. They are not. Their time-averaged death toll equals that of earthquakes and major floods. We assume these impacts rarely affect our lives. Author Austen Atkinson convincingly demonstrates that meteor and asteroid strikes have, and will again, skew human history in spectacular and terrible ways.
Impacts from objects no bigger than a baseball can, under the right conditions, wipe out cities. There is nothing we can do about them, as such objects are too small to be detected. On the other hand, bigger objects--the planet killers of films like Deep Impact and Armageddon--can be detected, and diverted, with existing technology but only if there is the global will to act accordingly. Impact Earth is a call to political arms as well as a work of popular science. It is deliberately sensationalist, and entirely serious. Atkinson, like many of the distinguished observers and scientists he quotes, is attempting to put cosmic debris strikes on the world political agenda. He is entitled to be loud. --Simon Ings, Amazon.co.uk
Customer Reviews:
Idiosyncratic but fascinating work.......2002-07-25
In the second half of the book Atkinson uses the facts he's outlined to create a fictional scenario - to allow readers to understand how it would feel to live through such an impact. It's very effective. I started out a sceptic, but Impact Earth changed my mind.
Cryptoscience at best........2002-03-13
Terrifyingly authentic popular science makes great impact.......1999-11-02
A chilling and captivating book.......1999-06-25
Besides being a captivating subject I was impressed by the way Austen Atkinson researched the subject so thoroughly and gave a chillingly detailed and logical treatment of the risk of Earth impacting with comets, asteroids and other bodies in space.
This book is a call to action on a par with Rachel Carlson's Silent Spring, in my opinion. It should be required reading for every legislator, teacher and anyone under the age of 30 with hopes of seeing middle and later life. Austen Atkinson did something very unique in Impact Earth. He added a second book to the end, a fictional account of what it might be like to experience a major impact. If the first book does not get attention, the second surely will. It adds a human element that is missing from other more technical books on this subject. Both parts of Impact Earth are expertly done and written for the lay person in a manner that makes the impact risk clear and obvious to anyone able to read. Austen is a great writer. His style is easy reading and his development is extremely logical and captivating. This is one for every middle school library and a great gift item for the skeptic on your list.
Larry Robinson Sunflower Observatory Kansas
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Tunguska - Impact in Siberia 1908, Comets, Asteroids, and Near-Earth Object Threats, NASA Programs to Survey and Study Asteroids and Comets (CD-ROM)
World Spaceflight News Manufacturer: Progressive Management ProductGroup: Book Binding: CD-ROM ASIN: 1422009076 |
Product Description
This electronic book on CD-ROM presents a library of federal government documents and publications covering all aspects of the threat posed to Earth by Near-Earth Objects (NEOs), and the Tunguska event which devastated a portion of Siberia in 1908. The Tunguska Event: The biggest meteor in recorded history shot across the Tunguska River in Russia in 1908, and exploded like a nuclear bomb. The Tunguska meteor did not make an impact crater, but some of the effects of its explosion are similar to what could happen in a large meteorite impact. At seven in the morning on June 30, 1908, a blazing meteor streaked across the sky in central Russia. It sped northwest from Lake Baikal toward the trading post of Baikit in central Siberia, an area of dense forests, wide swamps, and meandering rivers. Before reaching Baikit, the meteor exploded in a gigantic column of fire near the Tunguska River (61 N, 101.5 E). The effects of the explosion were felt worldwide. Around the globe scientists wondered at the rapid changes in atmospheric pressure and unusual vibrations in the Earth. People within a thousand kilometers of the explosion saw both the meteor and the fire column. They also heard the explosion like a series of bombs. Closer to the explosion, people felt the ground rumble and shake. At about a hundred kilometers from the explosion, people, animals and houses were scorched and thrown by a hot blast of air. Only a few people were nearer to the blast, and they reported fires, houses being blown down and burnt, and reindeer being killed by falling trees. For 20 kilometers around the center of the explosion, the forest was flattened, with the downed trees pointing away from the explosion. At the center of the blown down area, tree trunks still stood, but all their limbs had been stripped off. The Tunguska meteor and explosion were widely reported in newspapers and magazines. However, there was little scientific interest until 1927, when the Russian Academy of Sciences organize
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Impact! The Threat of Comets and Asteroids. (book reviews): An article from: American Scientist
Manufacturer: Sigma Xi, The Scientific Research Society ProductGroup: Book Binding: Digital ASIN: B000986AV6 Release Date: 2005-07-28 |
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Impact!: The Threat of Comets and Asteroids
Gerrit L. Verschuur Manufacturer: Oxford University Press, USA ProductGroup: Book Binding: Paperback ASIN: B000OKLDRA |
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Impact!: The Threat of Comets and Asteroids
Gerrit L. Verschuur Manufacturer: Oxford University Press ProductGroup: Book Binding: Paperback ASIN: B000OKIPMG |
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